de GRISOGONO announces the acquisition of the right to one of the world’s largest and rarest diamonds; Dubai expects 15 million overnight visitors in 2016; Kering’s Luxury sale increases by 3% in 1Q

Market News

de GRISOGONO announces the acquisition of the right to one of the world’s largest and rarest diamonds

Executive Chairman of DMCC and Chair of the Kimberley Process, Ahmed Bin Sulayem, together with Founder and Executive Board Member of de GRISOGONO, Fawaz Gruosi, hosted a press conference to announce de GRISOGONO’s acquisition of the rights from NEMESIS INTERNATIONAL to one of the world’s largest and rarest rough diamonds ever discovered.

Dubai expects 15 million overnight visitors in 2016

The number of overnight visitors in Dubai is expected to touch 15 million in 2016, a top tourism official said. According to the latest figures from Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), 4.1 million overnight visitors arrived in Dubai in the first quarter of this year, up 5.1 per cent year-on-year, driven by strong growth from India and the Gulf countries. Visitor numbers will need to grow by 7-9 per cent annually for Dubai to reach its target of attracting 20 million visitors per year by 2020.

Kering’s Luxury sale increases by 3% in 1Q

Kering, the owner of high-end jewellery brands Boucheron and Pomellato, reported luxury sales increased in the first quarter on a stronger retail performance in Western Europe, Japan and emerging markets. Revenue from the Paris-based group’s luxury brands which also include Gucci and Yves Saint Laurent recorded 2.8% year on year to $2.07 billion (EUR 1.8 billion).

DMCC Welcomes 12,000th Company

The Dubai Multi-Commodities Centre (DMCC) has announced that it welcomed the 12,000th member company to join the organization last month, according to a report in The National.

Company News

de GRISOGONO opens its new Dubai flagship store in the Dubai Mall

de GRISOGONO marks the official ribbon cutting ceremony opening its new Dubai flagship store, in collaboration with long term partner, renowned Dubai retailer Ahmed Seddiqi and Sons. Mr. Abdulhamied Seddiqi, Vice Chairman of Ahmed Seddiqi & Sons and Mr. Fawaz Gruosi, Founder & Executive Board Director of de GRISOGONO cut the black ribbon together.

A.Lange & Söhne sponsors at the Concorso d’Eleganza 2016

A. Lange & Söhne is taking part in the parade of automotive works of art on Lake Como. This year’s motto of the prestigious competition for classic automobiles and futuristic concept cars is ‘Back to the future – the journey

Continues’. Once again, the winner in the ‘Best of show’ category will be presented with a unique LANGE 1 TIME ZONE ‘Como Edition’.

Czapek launches the first Haute Horlogerie online subscription

The Czapek & Cie executive team announces the launch of a subscription campaign. The 188 timepieces of the "Millesime 2016” Quai des Bergues collection will be available to subscribers placing an order on the Czapek website or through official dealers. Each watch will be manufactured individually. Subscribers will be able to choose the number to be inscribed on the case back and many more options. The next series will be in 2017, with the exception of 70 pieces, which are already reserved for retail partners.

Jaeger-LeCoultre sponsors the 43rd Chaplin Award Gala

Jaeger-LeCoultre celebrates every year one of their most prestigious events: the Annual Chaplin Award Gala. The Film Society of Lincoln Center honored Academy Award–winning actor Morgan Freeman and celebrated his remarkable talent and commitment to film.

Richard Mille congratulates winner of 7th edition of Voiles de St. Barth's

The winner of the 7th edition of Voiles de St. Barth’s this year was Maxi Yacht ‘Proteus’, belonging to George Sakellaris and skippered by Stu Bannatyne. Richard Mille, partner of Voiles de St. Barth right from the start, awarded the crew an RM 60-01 Chronograph Flyback Regatta. The 8 th edition of the Voiles de St Barth will take place from the 10 th to the 15 th of April 2017.

TAG Heuer signs with the Premier League

TAG Heuer announces that it has been selected as the first ever Official Timekeeper and Official Watch of the Premier League. The Two events were held simultaneously in Hong Kong and London by the Premier League & TAG Heuer. Twenty teams, all their matches, and the most followed football league in the world, will now be running on TAG Heuer time, both on English pitches and on broadcasts across the globe in 185 countries. On the field, the fourth official's boards will now be shaped like a TAG Heuer Carrera watch. The referees will be sporting the new TAG Heuer Connected smartwatch

Pure Gold Group announces AED 1.2 Billion GCC expansion plan

Pure Gold Group announces plans to invest AED 1.2 billion (approx. 400 Million USD) to expand its regional operations by the year 2030. While the primary investment of AED 1 Billion will be in the jewelry sector, the company will also invest AED 200 Million in other sectors and in its luxury sunglasses retail chain La Moda Sunglasses to open 150 stores by 2030.

GJEPC announces its Financial Year Figures

India’s Exports of gems and jewellery dropped 3.46% in FY16 to USD 38,599.18 mn as compared to USD 39,980.63 mn in FY15. Gross exports of cut and polished diamonds in FY2016 (financial year April 2015 to March 2016) dropped 13.66% to USD 19,996.06 million (provisional same ports figures and data) as compared to USD 23,160.18 mn in FY15.The Gem & Jewellery Export Promotion Council sponsored by the Ministry of Commerce & Industry, Government of India releases the annual export performance report for FY2016 in the presence of Chairman Mr. Praveenshankar Pandya, Vice Chairman Mr. Russell Mehta and other Directors.

Product Launch

Arnold & Son presents Métiers d’Art Dragon Unique Pieces

Arnold & Son’s two unique pieces depicts a hand-painted dragon miniature, the dragon is a counterpoint to the simplicity of the white mother-of-pearl dial. Available in two distinctive references, the HM Dragon Unique Piece and the UTTE Dragon Unique Piece. Each unique piece, in-house movement: the HM Dragon, with the ultra-thin A&S1001 movement and the UTTE, with the ultra-thin tourbillon calibre A&S8200 with a one-minute flying tourbillon. The movements are housed in rose gold and red gold cases, respectively, with black alligator straps. The watch is available with or without a diamond-set bezel.

CHAUMET launches New Hortensia Jewelry Creations

Chaumet plucks a flower: the hydrangea. Like a thread of diamonds, the flower’s stem is traced into a brooch, a pendant and a pair of earrings. Chaumet Hortensia Aube Roseé earrings in pink gold with brilliant-cut diamonds, Angel-skin pink opal and 2 round-cut pink sapphires. Chaumet Hortensia Aube Roseé brooch in pink gold with brilliant-cut diamonds, Angel-skin & pink opal, 1 round-cut pink sapphire and 4 marquise-cut pink tourmalines. Chaumet Hortensia Aube Roseé pendant in pink gold with brilliant-cut diamonds, Angel-skin & pink opal, 1 round-cut pink sapphire and 4 marquise-cut pink tourmalines.

Frederique Constant unveils the Classics Art of Porcelain

Frederique Constant introduces a new model to its successful Classics collection: the Classics Art of Porcelain. The model is presented with a highly polished, 3-parts stainless steel case. The dial features the words “Swiss Made” at 6 o’clock to pay tribute to its Swiss origins, and the Roman numeral indexes give this model a classic appearance. The sapphire crystal case back enables to admire the FC-302 in action. Finally, this elegant timepiece is finished with a black leather strap and is in limited edition pieces.

HYT introduces H2 Alinghi

HYT has built an H2 with a full untreated titanium case. For the first time, it’s been crafted in two-tone black and grey. The new interplay between grey and black gives the watch an appearance, further highlighted by the bezel rider tab, sports a rounded shape to accommodate the Alinghi logo. Lastly, the hour flange has also been redesigned with a twin satin/glass blasted effect. The piece is mounted on a new ultra-resistant technical strap in matching shades. The timepiece will be produced in a limited edition of just 25, available from June 2016.

Exhibitions & Events

The 24th edition of the Abu Dhabi International Jewellery and Watch show

The 24th edition of the Abu Dhabi International Jewellery and Watch was at the Abu Dhabi National Exhibition Centre from the 3rd – 7th of May 2016 and is under the patronage of H.E. Sheikh Nahayan Mabarak Al Nahayan, UAE Minister of Culture and Knowledge Development.

Celebrity News

Patricia Montera shines in Piaget jewellery at the Malaga Film Festival

Patricia Montero dazzles at the Malaga Film Festival asshe stepped onto the red carpet in Piaget diamonds. She chose a set of PiagetRose earrings and ring in white gold.

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